BASF is taking a further step on its path to net zero and has committed to targets for Scope 3.1 emissions. The announcement was made during an update for investors and analysts in Ludwigshafen at which Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, and Dr. Dirk Elvermann, Chief Financial Officer, reported on progress in the implementation of the corporate strategy announced in 2018. Brudermüller and Elvermann outlined how the company is delivering on the priorities for the use of cash laid out in the strategy and also presented a new differentiated approach to steering businesses for more profitability.

BASF and Heidelberg University will continue to jointly operate the Catalysis Research Laboratory (CaRLa) for a further five years. The two partners signed an agreement to continue this successful research collaboration until 2028. Currently, 10 researchers are employed at CaRLa. Since the founding of the catalysis laboratory in 2006, more than 100 employees from 34 countries have been involved in the development of new processes for homogeneous catalysis and organic synthesis.